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A gas-fired power plant or gas-fired power station or natural gas power plant is a thermal power station which burns natural gas to generate electricity. Natural gas power stations generate a quarter of world electricity and a significant part of global greenhouse gas emissions and thus global warming. However they can provide seasonal dispatchable generation to balance variable renewable energy where hydropower or interconnectors are not available. A gas-fired power plant is a type of fossil fuel power station in which chemical energy stored in natural gas, which is mainly methane, is converted successively into: thermal energy, mechanical energy and, finally, electrical energy. Although they cannot exceed the Carnot cycle limit for conversion of heat energy into useful work the excess heat may be used in cogeneration plants to heat buildings, produce hot water, or to heat materials on an industrial scale.